D. R. Horton (NYSE:DHI) had its price target increased by Buckingham Research from $53.00 to $55.00 in a research note released on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the construction company’s stock.
A number of other analysts have also recently commented on the company. Royal Bank of Canada set a $43.00 price target on D. R. Horton and gave the company a hold rating in a research note on Friday, April 26th. Keefe, Bruyette & Woods cut D. R. Horton from an outperform rating to a market perform rating and lowered their price target for the company from $45.66 to $37.30 in a research note on Monday, April 22nd. JMP Securities upped their price target on D. R. Horton from $44.00 to $49.00 and gave the company a market outperform rating in a research note on Tuesday, April 9th. KeyCorp upped their price target on D. R. Horton from $45.00 to $52.00 and gave the company an overweight rating in a research note on Thursday, June 6th. Finally, Barclays set a $46.00 price target on D. R. Horton and gave the company a buy rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $48.17.
Shares of DHI stock traded down $0.05 on Wednesday, reaching $47.00. The company had a trading volume of 4,972,175 shares, compared to its average volume of 3,292,280. The company has a current ratio of 6.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $17.14 billion, a PE ratio of 11.49, a PEG ratio of 1.06 and a beta of 1.08. The stock’s 50-day simple moving average is $44.66. D. R. Horton has a 12 month low of $32.39 and a 12 month high of $48.02.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.20. The company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.52 billion. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. D. R. Horton’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. Analysts anticipate that D. R. Horton will post 3.96 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 12th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. D. R. Horton’s dividend payout ratio is presently 14.67%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Sumitomo Life Insurance Co. grew its position in shares of D. R. Horton by 1.6% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,063 shares of the construction company’s stock valued at $650,000 after purchasing an additional 243 shares during the period. Shine Investment Advisory Services Inc. boosted its position in D. R. Horton by 22.2% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 1,374 shares of the construction company’s stock worth $57,000 after acquiring an additional 250 shares during the last quarter. Boston Private Wealth LLC boosted its position in D. R. Horton by 2.7% during the 2nd quarter. Boston Private Wealth LLC now owns 10,788 shares of the construction company’s stock worth $465,000 after acquiring an additional 283 shares during the last quarter. Huntington National Bank boosted its position in D. R. Horton by 1.1% during the 2nd quarter. Huntington National Bank now owns 26,986 shares of the construction company’s stock worth $1,164,000 after acquiring an additional 297 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC boosted its position in D. R. Horton by 0.4% during the 1st quarter. Alpine Woods Capital Investors LLC now owns 82,326 shares of the construction company’s stock worth $3,407,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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